SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Reconciliation of Third Party Revenues to Direct Revenues

The following tables reconcile third-party revenues to direct revenues for the three and nine months ended September 30, 2023 and 2022 (in thousands):


	For the Three Months Ended				For the Three Months Ended
	September 30, 2023				September 30, 2022
	Third-Party Revenues		Intersegment Revenues (Expenses), net		Direct Revenues		Third-Party Revenues		Intersegment Revenues (Expenses), net		Direct Revenues
Environmental Services	$	1,135,279	$	11,084	$	1,146,363	$	1,080,032	$	6,452	$	1,086,484
Safety-Kleen Sustainability Solutions	230,305		(11,084)		219,221		282,771		(6,452)		276,319
Corporate Items	112		—		112		283		—		283
Total	$	1,365,696	$	—	$	1,365,696	$	1,363,086	$	—	$	1,363,086


	For the Nine Months Ended				For the Nine Months Ended
	September 30, 2023				September 30, 2022
	Third-Party Revenues		Intersegment Revenues (Expenses), net		Direct Revenues		Third-Party Revenues		Intersegment Revenues (Expenses), net		Direct Revenues
Environmental Services	$	3,357,743	$	31,397	$	3,389,140	$	3,105,336	$	19,336	$	3,124,672
Safety-Kleen Sustainability Solutions	712,905		(31,397)		681,508		782,737		(19,336)		763,401
Corporate Items	335		—		335		434		—		434
Total	$	4,070,983	$	—	$	4,070,983	$	3,888,507	$	—	$	3,888,507

Schedule of Reconciliation to Consolidated Statements of Income to Adjusted EBITDA

The following table presents Adjusted EBITDA information used by management by reported segment (in thousands):


	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
Adjusted EBITDA:
Environmental Services	$	288,982	$	260,687	$	822,949	$	713,630
Safety-Kleen Sustainability Solutions	31,146		103,156		126,024		252,043
Corporate Items	(65,111)		(55,288)		(191,312)		(167,789)
Total	255,017		308,555		757,661		797,884
Reconciliation to Consolidated Statements of Operations:
Accretion of environmental liabilities	3,388		3,246		10,281		9,599
Stock-based compensation	4,291		7,828		14,809		20,375
Depreciation and amortization	92,970		88,394		267,425		260,560
Income from operations	154,368		209,087		465,146		507,350
Other (income) expense, net	(334)		(104)		833		(2,073)
Loss on early extinguishment of debt	—		—		2,362		—
Gain on sale of business	—		—		—		(8,864)
Interest expense, net of interest income	29,696		28,081		80,400		79,354
Income before provision for income taxes	$	125,006	$	181,110	$	381,551	$	438,933